Burger King 2Q profit increases 19 percent, tops estimate

MarketsAssociated Press

Burger King Worldwide Inc. (BKW) on Friday reported net income that climbed by 19 percent in its second quarter, and topped analysts' expectations.

The Miami-based company said profit increased to $75.1 million, or 21 cents per share, from $62.9 million, or 18 cents per share, in the same quarter a year earlier.

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Earnings, adjusted for one-time gains and costs, came to 25 cents per share. The average per-share estimate of analysts surveyed by Zacks Investment Research was for profit of 23 cents.

The company said revenue declined 6.1 percent to $261.2 million from $278.3 million in the same quarter a year ago, and missed Wall Street forecasts. Analysts expected $263.3 million, according to Zacks.

Burger King shares have risen $3.52, or 15 percent, to $26.38 since the beginning of the year. The stock has increased $6.62, or 34 percent, in the last 12 months.

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This story was generated automatically by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Full BKW report: http://www.zacks.com/ap/BKW

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Keywords:Burger King,Earnings Report